HMCTF (Hainan Meilan International Airport Co) Scaled Net Operating Assets: 0.63 (As of Dec. 2025)


HMCTF Hainan Meilan International Airport Co Ltd HMCTF
67 GF Score
Price $0.65
GF Value $1.55
Valuation Possible Value Trap
! 5 Warning Signs
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What is Hainan Meilan International Airport Co Scaled Net Operating Assets?

Hainan Meilan International Airport Co HMCTF 67 Scaled Net Operating Assets is 0.63 as of Dec. 2025. GuruFocus rates HMCTF with a GF Score™ of 67/100 and a GF Value™ of $1.55 (Possible Value Trap). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hainan Meilan International Airport Co's operating assets for the quarter that ended in Dec. 2025 was $1,368.1 Mil. Hainan Meilan International Airport Co's operating liabilities for the quarter that ended in Dec. 2025 was $439.5 Mil. Hainan Meilan International Airport Co's Total Assets for the quarter that ended in Jun. 2025 was $1,479.6 Mil. Therefore, Hainan Meilan International Airport Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.63.


Hainan Meilan International Airport Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Hainan Meilan International Airport Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hainan Meilan International Airport Co Scaled Net Operating Assets Chart

Hainan Meilan International Airport Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.53 0.71 0.57 0.62

Hainan Meilan International Airport Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.68 0.61 0.65 0.63

HMCTF vs JOBY, CAAP: Scaled Net Operating Assets Comparison

For the Airports & Air Services subindustry, Hainan Meilan International Airport Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hainan Meilan International Airport Co Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Hainan Meilan International Airport Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Hainan Meilan International Airport Co's Scaled Net Operating Assets falls into.


HMCTF
67GF Score
Hainan Meilan International Airport Co Ltd HMCTF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hainan Meilan International Airport Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hainan Meilan International Airport Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1368.145-439.485)/1508.451
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1408.21 - 40.065
=1368.145

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=868.331 - 278.465 - 150.381
=439.485

Hainan Meilan International Airport Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1368.145-439.485)/1479.564
=0.63

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1408.21 - 40.065
=1368.145

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=868.331 - 278.465 - 150.381
=439.485

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.63 mean?
Hainan Meilan International Airport Co (HMCTF) has a Scaled Net Operating Assets of 0.63 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hainan Meilan International Airport Co and its competitors.
Is Hainan Meilan International Airport Co's Scaled Net Operating Assets too high?
Hainan Meilan International Airport Co's current Scaled Net Operating Assets is 0.63. Overall, Hainan Meilan International Airport Co has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hainan Meilan International Airport Co's Scaled Net Operating Assets compare to JOBY and CAAP?
Hainan Meilan International Airport Co's Scaled Net Operating Assets of 0.63 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hainan Meilan International Airport Co and its competitors. Hainan Meilan International Airport Co's current Scaled Net Operating Assets is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Meilan International Airport Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Meilan International Airport Co (HMCTF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.55, compared to a current price of $0.65 — trading 58.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.63. Hainan Meilan International Airport Co's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hainan Meilan International Airport Co (HMCTF), the current Scaled Net Operating Assets is 0.63 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hainan Meilan International Airport Co (HMCTF) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Meilan International Airport Co stock appears to be undervalued. The current stock price of $0.65 is trading 58.1% below its estimated GF Value™ of $1.55. GuruFocus considers Hainan Meilan International Airport Co to be Possible Value Trap.

Key valuation signals for HMCTF:

  • Scaled Net Operating Assets: 0.63
  • GF Value™: $1.55 vs. price of $0.65 (58.1% below fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the HMCTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Meilan International Airport Co Business Description

Other Exchanges 00357:Hong KongHAO:Germany
Address Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126
Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel, and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.
67GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.65
Price
$1.55
GF Value